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Published on 6/2/2011 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Kuwait's Investment Dar's Financial Stability Law application approved

By Caroline Salls

Pittsburgh, June 2 - Investment Dar KSC's application for entry under the Financial Stability Law has been approved by the Special Circuit Court of Appeal of Kuwait, according to a company news release.

As previously reported, the company said in February that it was trying to secure the support of its key stakeholders for its restructuring plan ahead of an April Special Circuit Court of Appeal hearing.

Investment Dar is a Kuwaiti shareholding company.


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